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Just Dial Ltd
| Financial Results – Q4 & FY Ended 31 March 2026
Report Source
⬤13th Apr 26
Summary : Just Dial reported increased revenue but decreased net profit for FY26, with an unmodified audit opinion and CFO resignation.
Quarterly Report Analysis & Insights
Financial Disclosures
- Employee benefits expense: FY26: 7,268.3 million.
- Finance cost: FY26: 90.6 million.
- Depreciation and amortisation expense: FY26: 450.1 million.
- Other expenses: FY26: 1,295.1 million.
- Total expenses: FY26: 9,104.1 million.
- Revenue from operations: FY26: 14,323.5 million; Q4 FY26: 3,625.4 million.
- Net Revenue from operations: FY26: 12,138.6 million; Q4 FY26: 3,072.4 million.
- Other income: FY26: 3,338.6 million; Q4 FY26: 486.2 million (includes fair value gain on financial instruments and profit on sale of investments).
- Net cash from operating activities: 2,687.0 million (decreased from 3,114.9 million).
- Net cash used in investing activities: (2,415.5) million (less outflow than previous year).
- Net cash used in financing activities: (307.3) million (increased outflow).
- Total Assets increased to 60,441.7 million (from 55,206.1 million).
- Current Investments increased to 56,435.3 million (from 49,682.9 million).
- Total Equity increased to 51,064.8 million (from 46,065.0 million).
- Cash and cash equivalents decreased to 67.2 million (from 103.0 million).
- Standalone financial results (no subsidiary or associate company).
Corporate Overview
- Mumbai
- Delhi
- Kolkata
- Chennai
- Bangalore
- Pune
- Hyderabad
- Ahmedabad
- Coimbatore
- Jaipur
- Chandigarh
- Decrease in net profit and EPS for FY26.
- Resignation of Chief Financial Officer.
- Search and search related services
- Formal and factual reporting of board decisions and financial results.
- Search and search related services
- Issued 2,500 Equity shares upon conversion of Stock Options.
- Purchase of property, plant and equipment (41.6 million FY26).
- Purchase of intangible assets (0.6 million FY26).
Risk Factors
- Net profit and EPS decreased year-on-year.
- Chief Financial Officer resigned unexpectedly.
- Exceptional item impacted current year profit.
- Cash and cash equivalents declined significantly.
Key Drivers
- Revenue from operations increased year-on-year.
- Total assets and equity showed healthy growth.
- Auditors issued unmodified opinion on results.
- Significant increase in current investments.
Auditor’s Report
- Unmodified opinion on the Audited Financial Results for the year ended March 31, 2026.
Board Commentary
- Resignation of Mr. Abhishek Bansal as Chief Financial Officer and Key Managerial Personnel effective April 15, 2026.
- Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- New labour code on Social Security, 2020, led to exceptional item.
- Issued 2,500 Equity shares upon conversion of Stock Options.
Corporate Governance
- Auditors complied with Code of Ethics issued by ICAI.
- Audit Committee (recommended financial statements).
Management Discussion & Analysis
Operational Focus Areas
- Ensuring smooth transition for Chief Financial Officer role.
Performance Drivers
- Increase in revenue from operations for FY26.
- Significant increase in current investments.
Risk Control Measures
- CFO committed to smooth transition and handover.
Critical Risks
- Resignation of Chief Financial Officer (KMP).
- Decrease in net profit and EPS for the year.